The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit $ 234,800...

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The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit $ 234,800 52,000 20,200 172,500 16,000 166,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land $ 105,000 146,000 23,000 82,000 Accounts payable Interest payable Salaries payable Unearned revenue Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Services revenue 102,000 40,000 23,000 32,000 148,000 305,800 54,000 574,000 26,000 Interest revenue Depreciation expense--Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles 25,500 19,500 190,000 41,000 32,600 34,000 60,500 32,200 Totals $ 1,378,800 $ 1,378,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year statement of owner's equity for the year ended December 31 [Note: R. Chiara, Capital at Decembe and there were no owner investments in the current year.); and (c) the balance sheet as of Decem office supplies expense Advertising expense Repairs expense-Automobiles Check my w 34,000 60,500 32,200 $1,378,800 Totals $1,378,800 Required: Use the information in the adjusted trial balance to prepare () the income statement for the year ended December 31: (b) the statement of owner's equity for the year ended December 31 (Note: R. Chiara, Capital at December 31 of the prior year was $305,800, and there were no owner investments in the current year): and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Dranara Hhe income statement for the year ended December 31. The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit $ 234,800 52,000 20,200 172,500 16,000 166,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land $ 105,000 146,000 23,000 82,000 Accounts payable Interest payable Salaries payable Unearned revenue Long-term notes payable R. Chiara, Capital R. Chiara, Withdrawals Services revenue 102,000 40,000 23,000 32,000 148,000 305,800 54,000 574,000 26,000 Interest revenue Depreciation expense--Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles 25,500 19,500 190,000 41,000 32,600 34,000 60,500 32,200 Totals $ 1,378,800 $ 1,378,800 Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year statement of owner's equity for the year ended December 31 [Note: R. Chiara, Capital at Decembe and there were no owner investments in the current year.); and (c) the balance sheet as of Decem office supplies expense Advertising expense Repairs expense-Automobiles Check my w 34,000 60,500 32,200 $1,378,800 Totals $1,378,800 Required: Use the information in the adjusted trial balance to prepare () the income statement for the year ended December 31: (b) the statement of owner's equity for the year ended December 31 (Note: R. Chiara, Capital at December 31 of the prior year was $305,800, and there were no owner investments in the current year): and (c) the balance sheet as of December 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Dranara Hhe income statement for the year ended December 31.

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Question 01n Statement of owners equity Richiara capital December ... View the full answer